Easy-access rates are creeping up.
ICICI Bank has launched its HiSave Bonus account with a headline rate of 1.55%. The online account includes a bonus of 0.3 percentage points payable for the first 12 months.
Meanwhile, The Family Building Society has a new issue of its Premium Saver, paying 1.51%. The account, available online, by post or through its branch in Epsom, Surrey, is easy access, but you can add money to it only until 8 March.
Cynergy Bank’s Online Saver and Goldman Sachs’ Marcus Online Saver both pay 1.5%, but the interest rate includes a bonus paid only for the first 12 months. Virgin Money’s Double Take E-Saver also pays 1.5%, and while there is no short-term bonus, you are limited to two withdrawals a year.
The top rate for an easy-access account without rules on when you can put money in, take it out and no short-term bonus, comes from Paragon. Its Limited Edition Easy Access Issue 7 account pays 1.45%.
Cynergy Bank pays 1.73% for one-year fixed-rate Cash Isas. The next best rate is 1.7% from Aldermore Bank. Coventry Building Society also pays 1.7%, but for a slightly longer period – fixed until 31 May next year.
This article first appeared on our sister website Money Observer.